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Real estate wholesalers generally find and contract distressed properties but don’t do any renovations or additions. Residential real estate consists of housing for individuals, families, or groups of people. This is the most common type of estate and is the asset class that most people are familiar with.
Lenders can include banks, credit unions, private lenders, and government institutions. Now that we’ve outlined the four main categories, let’s explore some specific examples of different types of real property. Luxury real estate is sometimes used as a way to store value, especially by wealthy foreigners, without any particular attempt to rent it out. Some luxury units in London and New York City have been used as a way for corrupt foreign government officials and businesspeople from countries without strong rule of law to launder money or to protect it from seizure.
- Competition in Real EstateLocal broker marketplaces ensure equity and transparency.
- REALTOR® PartyA powerful alliance working to protect and promote homeownership and property investment.
- Real estate development, or property development, includes activities that range from renovating existing buildings to the purchase of raw land and the sale of developed land or parcels to others.